Fees plea: regulatory proposals face KiwiSaver kick-back

Wed, 23 Dec 2020

KiwiSaver could be cheaper next year if the government has its way.As well as daring contender default providers to cut fees to the bone, the wider KiwiSaver market will be operating under a new set of rules - or more like strong hints - intended to drive down costs for members.Deadlines for both default provider applications and submissions on the Financial Markets Authority ‘KiwiSaver fees and value for money’ draft ‘guidance’ passed in mid-December.Winners in the default limbo competition (how low can you go?) won&rsq...

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